• Job Description

  Req#: R-0000077262

  Job Summary

  Job Description

  What is the opportunity?

  The Director Internal Audit - Risk Management will provide independent, objective assurance over the design and execution of the Bank’s risk management practices established through Enterprise and Operational Risk’s internal infrastructure, frameworks, policies, management reporting, and board reporting. A key contributor to maturing the Internal Audit (IA) function and influencing change across the second line of defense through audit coverage over the Chief Risk Officer’s organization. Act as a conduit for management reporting across all risks frequently interacting with senior leadership across the organization, including coordination with the parent company’s internal audit teams.

  What will you do?

  • Key responsibilities to oversee staff and audit engagements/projects focusing on Enterprise Risk and Operational Risk with broader coverage of Risk Governance & Oversight; Risk Identification, Assessment & Measurement; Risk Data Aggregation & Reporting; and the firm’s efforts to integrate Risk within Business Processes.
  • Maintain IAs approach to opining on the Quality of Risk Management, aligning with key regulatory guidance.
  • In alignment with IA methodology, directly oversee the audit universe for US Operations Enterprise Risk and Operational Risk Management and the execution of the annual audit plan.
  • Strategically influences and informs the IA plan, adapting guidelines to improve processes and audit coverage.
  • Initiates collaboration with and assesses the effectiveness of key risk management practices within the second line of defense.
  • Drives the continual assessment of key and emerging risks and adjusts annual plans as necessary.
  • Responsible for delivering key insights to management and supporting functions. Leveraging deep expertise in business strategy to support the audit function and the organization with actionable insights to drive ongoing success.
  • Supports the continuous improvement of audit methodologies, audit approach and related practices with particular emphasis towards collaboration with key partners, leveraging the use of analytics, business intelligence, and other enabling approaches, technologies, and tools.
  • Coordinate and manage regulatory requests and examinations with bank regulators and external auditors.

  What do you need to succeed?

  Must-have

  • Bachelors degree
  • 10+ years of IA experience and relevant risk management experience within the second or third line.
  • Experience managing relationships with senior leadership and regulatory bodies; experience drafting and negotiating findings and audit reports
  • Strong critical thinking; strong interpersonal skills and capacity to build relationships; ability to provide training to all levels of the organization;
  • Strong understanding of governance frameworks.

  Nice-to-have

  • Board experience, regulatory background, consulting/public accounting experience

  What’s in it for you?

  We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Flexible work/life balance options
  • Opportunities to do challenging work
  • Opportunities to take on progressively greater accountabilities
  • Access to a variety of job opportunities across business

  Job Skills

  Adaptability, Auditing (Inactive), Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Multi-Level Communication, Organizational Savvy and Politics, Results-Oriented

  Additional Job Details

  Address:

  City:

  Country:

  Work hours/week:

  0

  Employment Type:

  Full time

  Platform:

  Internal Audit

  Job Type:

  Regular

  Pay Type:

  Salaried

  Posted Date:

  2024-01-24

  Application Deadline:

  2024-02-29

  Inclusion and Equal Opportunity Employment

  At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
  
  We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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• About the company

  Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...

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